Neco 2017 Economics Question 5
Practice objective / multiple choice question 5 from the 2017 Neco Economics examination.
An enterprise produces two products A and B. The total cost (in Naira) of producing \( Q_{A} \) units of A and \( Q_{B} \) units of B is\n\[ C = 10\,000 + 4Q_{A} + 6Q_{B} + 0.02 Q_{A}^{2} + 0.03 Q_{B}^{2} + 0.01 Q_{A} Q_{B} \].\nThe selling prices are ₦50 per unit of A and ₦80 per unit of B. Find the combination of non‑negative integer quantities \((Q_{A},Q_{B})\) that yields zero profit (break‑even) with the smallest possible total output \( Q_{A}+Q_{B} \). State the quantities and the total output.
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About This Question
This is Neco 2017 Economics Question 5. It is one of the objective questions from the 2017 Neco Economics examination.
Difficulty level: Medium .
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